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The Real Business Cycle Model Best Explains the Procyclicality of the Nominal

question 17

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The real business cycle model best explains the procyclicality of the nominal money by


Definitions:

Centimeters

A metric unit of length equal to one hundredth of a meter.

Dimensional-Analysis

A method in physics and engineering to check the consistency of equations and to perform unit conversions.

Conversion Factor

A numerical value used to convert quantities expressed in one unit into another unit of measure.

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